Auxier Asset Management Has $811,000 Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Auxier Asset Management lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 45.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,693 shares of the company's stock after selling 65,143 shares during the period. Auxier Asset Management's holdings in Warner Bros. Discovery were worth $811,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WBD. Norges Bank bought a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $362,210,000. Contrarius Group Holdings Ltd bought a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $168,930,000. FMR LLC boosted its stake in shares of Warner Bros. Discovery by 478.5% in the fourth quarter. FMR LLC now owns 14,278,600 shares of the company's stock valued at $150,925,000 after buying an additional 11,810,191 shares during the period. Slate Path Capital LP boosted its stake in shares of Warner Bros. Discovery by 36.6% in the fourth quarter. Slate Path Capital LP now owns 23,801,000 shares of the company's stock valued at $251,577,000 after buying an additional 6,381,000 shares during the period. Finally, Sachem Head Capital Management LP bought a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $64,847,000. Institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD traded up $0.47 during trading on Wednesday, hitting $10.02. 59,135,387 shares of the company were exchanged, compared to its average volume of 33,388,391. The business's 50 day moving average is $9.00 and its 200-day moving average is $9.92. The company has a market capitalization of $24.60 billion, a P/E ratio of -2.19, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.40) earnings per share. Equities analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analyst Ratings Changes

WBD has been the subject of several recent research reports. Benchmark reiterated a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. KeyCorp cut their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Morgan Stanley lowered their price objective on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Barclays boosted their price objective on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, Barrington Research restated an "outperform" rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research report on Tuesday, May 13th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.22.

Insider Buying and Selling at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business's stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now owns 159,932 shares of the company's stock, valued at $1,824,824.12. The trade was a 12.17% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company's stock.

About Warner Bros. Discovery

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.